Danish fintech Light secures $30 million in Series A funding led by Balderton Capital to scale its AI-native accounting platform, open a New York office, and boost its engineering team.
Highlights:
Light raises $30 million in a Series A round led by Balderton Capital, bringing its total funding to $43 million.
The startup plans a US expansion, including opening a New York office, tripling its engineering team by Q2 2026, and building a process-optimization workbench.
Light’s platform automates multi-entity accounting, handles large volumes of financial data at speed, and counts partners like JP Morgan, Adyen, and BDO Global.
Summary:
Light, a Copenhagen-based AI accounting fintech founded in 2022 by Jonathan Sanders, has raised $30 million in its Series A round, led by Balderton Capital. The investment will fuel its expansion into the US market—including establishing a New York office—and support growth in its engineering and deployment teams.
Light offers an AI-first finance platform that automates key accounting functions (bookkeeping, reporting, multi-entity accounting), processes high volumes of financial data swiftly, and partners with major institutions to ensure scalability. Light aims to replace legacy finance systems, offering speed, accuracy, and agility for fast-scaling companies.
